Frantic Films announces the growth of its television distribution library with the acquisition of the international rights to factual entertainment programming produced by Vancouver based production company, The Eyes Television Production Ltd., a division of Peace Arch Entertainment Group Inc.
Known for producing series such as “The Last 10 Pounds Bootcamp,” “Bulging Brides,” and “Air Dogs,” The Eyes’ library includes over 150 hours of programs, the bulk of which has never been sold in the international market.
The transaction increases Frantic Films’ library to approximately 500 hours – including 67 hours currently in production – and supports greater international distribution revenues. Peace Arch has retained the US and Canadian rights to the programs acquired by Frantic Films.
“The Eyes programming is the perfect addition to our existing library,” says Jamie Brown, CEO of Frantic Films. “They are very successful programs in Canada and the United States that have been underexploited internationally to date. We know there is a strong appetite for high quality programs like these in the international market.”
“This is a win-win situation for both companies – Frantic is able to expand their distribution library and we are happy to see The Eyes’ programming actively selling internationally,” said Michael Taylor, President of Peace Arch Television Ltd.
“In addition to the titles Frantic has acquired, we have several new series in various stages of piloting as well,” stated Blair Reekie, President of The Eyes. “We look forward to working with Frantic on the distribution of the collection of our shows that they have picked up.”
The acquisition is another milestone for the fast-growing Frantic Films. In December 2006, the company secured a $5-million equity investment from Toronto-based Priveq Capital Funds. In December 2007, Frantic successfully divested its visual effects and software divisions to India and UK-based Prime Focus Group (PRFO: BSE) to focus on film and television production. Last year, Frantic acquired successful Toronto production company Red Apple Entertainment.